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HKE Holdings Concludes New Share Placement
HKE HOLDINGS (01726.HK) completed placement of 25.55 million shares to raise HK$50.59 million to develop fintech platform business
Gelonghui May 28 | HKE HOLDINGS (01726.HK) announced that the prerequisites contained in the placement agreement have been fulfilled and that the placement was completed on May 28, 2024. In accordance with the terms and conditions of the placement agreement, a total of 25.55 million shares have been allocated and issued to no less than six independent undertakers at a placement price of HK$2.00 per share. The total proceeds from the placement will be HK$51.1 million, while the net proceeds from the placement will be approximately HK$50.59 million. The company plans to use about 90% of the net proceeds from (i) for the fintech platform industry
HKE HOLDINGS (01726.HK) plans to sell up to 30 million shares at a discount of approximately 4.76% to raise HK$59.4 million
Gelonghui, May 10 | HKE HOLDINGS (01726.HK) issued an announcement. On May 10, 2024, the company signed a placement agreement with the placement agent. The company plans to place up to 30 million placed shares, which is equivalent to about 2.86% of the existing issued share capital; and about 2.78% of the company's issued share capital through allotment and issuance of placed shares to expand. The placement price of each placed share was HK$2.00, a discount of approximately 4.76% from the closing price of HK$2.10 per share reported on the Stock Exchange on the date of the placement agreement. The net proceeds from the placement will be $59.40 million
HKE HOLDINGS: INTERIM REPORT 2024
HKE Holdings' Loss Narrows in 2023
HKE HOLDINGS (01726.HK)'s interim earnings of about SGD 8.3 million increased by about 26% year over year
Glonghui, Feb. 28 | HKE HOLDINGS (01726.HK) announced that for the six months ended December 31, 2023, the Group's revenue was approximately SGD 8.3 million, an increase of approximately SGD 1.7 million or 26% over the six months ended 31 December 2022. For the six months ended 31 December 2023, the Group recorded a loss of approximately SGD 6.8 million, while the loss for the six months ended 31 December 2022 was approximately SGD 7.4 million.
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